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shrink MDF

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Everything i read goes on and on about how bad it is. One of our sql instances houses a database that uses mainly batch processing and as a result does truncate and load of massive amounts of data daily. It's current mdf is 1.5 tb. There's 503,199 mb free space available.Am i crazy to want to shrink this database and free up several hundred gigs? At what point do i shrink it? when it has 50% or 60% free space?

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